The expenditure multiplier explains how a change in
A) real GDP leads to a change in autonomous expenditure.
B) autonomous expenditure leads to a change in real GDP.
C) real GDP leads to a change in induced expenditure.
D) induced expenditure leads to a change in autonomous expenditure.
E) induced expenditure leads to a change in real GDP.
B
Economics
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A person setting up automatic deductions through her employer so a portion of her pay goes into a "Christmas account" is an example of:
A. status quo bias. B. positive framing. C. the endowment effect. D. a commitment device.
Economics
Which of the following is considered a key economic influence on the capacity of market economies to promote unprecedented growth?
A) political changes B) religious beliefs C) historical accidents D) free competition
Economics